LYFT - Robbins LLP Reminds LYFT Stockholders of Pending May 6 2024 Lead Plaintiff Deadline | Benzinga
SAN DIEGO, April 25, 2024 (GLOBE NEWSWIRE) --
Robbins LLP reminds investors that a shareholder filed a class action on behalf of all those who purchased or otherwise acquired Lyft, Inc. (NASDAQ:LYFT) common stock between February 13, 2024 at 4:05 p.m. and February 13, 2024 at 4:51 p.m. Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating the Allegations that Lyft, Inc. (LYFT) Allegedly Made False and Misleading Statements Regarding its Margin Expansion
According to the complaint, Lyft issued a press release and accompany Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated "Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross ...